AOL Signs Deal With TiVo
To Develop Futuristic VCRs

By

Nick Wingfield Staff Reporter of The Wall Street Journal

Updated June 15, 2000 12:01 a.m. ET

Watch out: The big boys are trying to hog the remote control of the future.

In a significant show of support by a major Internet player, America Online Inc. said it would invest up to $200 million in TiVo Inc., one of several small firms developing futuristic VCRs that record video on a hard disk rather than a tape.

The investment will give AOL a 15% stake in TiVo, making it the largest shareholder in the San Jose, Calif.,...